401(k) Aged Based In-Service Withdrawals Move to Safety

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Most 401 (k)s offer investment options such as mutual funds. Investment options in the mutual funds can be stocks or bonds or a combination of both. As we age, providing a layer of safety and security to our 401 (k) seems only prudent. As an option, your 401 (k) will also offer a stable money investment option. These options could include a money market account. The problem with money market accounts is the yield, a yield which may not keep up with inflation.

About Bill Broich

Bill Broich is a well-known annuity expert with over 30 years of experience. He has written hundreds of articles on annuities and other financial topics, and has been a featured commentator on TV, Radio and the Internet.

Do you own a 401 (k) but are still working?

Most 401 (k)s offer investment options such as mutual funds. Investment options in the mutual funds can be stocks or bonds or a combination of both. As we age, providing a layer of safety and security to our 401 (k) seems only prudent. As an option, your 401 (k) will also offer a stable money investment option. These options could include a money market account. The problem with money market accounts is the yield, a yield which may not keep up with inflation.

What are your options? Keep your funds invested in a mutual fund and remain exposed to risk? Or move your funds to the money market account and fear to lose purchasing power to inflation. Not an excellent choice is it.

Have you ever heard of Age-Based In-Service Withdrawals? Almost 90% of 401 (k) plans in America offer this option, You may keep working at your job, but at age 59 1/2 you can move a portion or all of your 401 (k) to another investment option.

The transaction is called a rollover; your funds are moved with no tax liability to you. Now your 401(k) has become a self-directed IRA, and you are allowed to invest it in almost any vehicle.

One solid choice is a Fixed Indexed Annuity which contains an Income Rider. The funds in a Fixed Indexed Annuity are fully guaranteed against loss, and you will never be exposed to risk again.

With an Income Rider attached to your Fixed Indexed Annuity, your retirement income is also guaranteed. And best of all, your options for a retirement pension can include your spouse all with the guarantee neither of you will ever outlive your money.

Sound too good to be true? It is true, just another benefit of owning Fixed Indexed Annuities.

About Bill Broich

Bill Broich is a well-known annuity expert with over 30 years of experience. He has written hundreds of articles on annuities and other financial topics, and has been a featured commentator on TV, Radio and the Internet.

View The Best Annuity Rates Available Now

Annuities are a safe and reliable investment. They can transform your savings into a more predictable income. Speak with one of our qualified financial professionals today to find out how an annuity can offer you guaranteed monthly income for life.

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Content in our posted articles is deemed to be accurate but topics, facts and laws can change. It is always a good idea to verify facts before making decisions. Always seek authorized and professional advice regarding financial decisions which includes investing, annuity purchases, tax planning, changes in a financial portfolio and retirement planning.

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